Despite the threat of cuts to current energy research programs, Gates, in an editorial, says the U.S. should increase annual R&D from $5 billion a year to $16 billion for economic, national security, and environmental reasons.

Steve Hoover, the CEO of PARC, talks with Rafe Needleman about the history of the famous lab, how to encourage innovation in a country or a company, and what it's like to compete with Google for engineers.